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Effect of Abnormal Cash Flow Quality on Big 4 and Non-Big 4 Audited Firms in Nigeria

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Effect of Abnormal Cash Flow Quality on Big 4 and Non-Big 4 Audited Firms in Nigeria


Anazonwu, Helen O. | Egbunike, Patrick A.



Anazonwu, Helen O. | Egbunike, Patrick A. "Effect of Abnormal Cash Flow Quality on Big 4 and Non-Big 4 Audited Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5, August 2021, pp.408-417, URL: https://www.ijtsrd.com/papers/ijtsrd43847.pdf

This study compare financial reporting quality of Big 4 audited and non-Big 4 audited firms in Nigeria. Specifically, compares the abnormal operating cash flow quality, and abnormal production expenditure quality, and unexpected core earnings of Big 4 and non-Big 4 audited firms. The study adopts the ex-post facto research design; as the goal is not manipulate any variable but rather establish comparative difference. The population comprised of quoted manufacturing firms and the sample restricted to a purposive sample of 62 firms from 6 sectors listed on the Nigerian Stock Exchange (NSE). The study utilized secondary data retrieved from annual financial statements of the sampled firms. The data were analyzed using several techniques such as multiple regression, and correlation. The results showed a statistically significant difference in abnormal operating cash flow quality of Big 4 and non-Big 4 audited firms; a statistically significant difference in abnormal production expenditure quality of Big 4 and non-Big 4 audited firms. Based on this, the study recommends that shareholders during Annual General Meeting (AGM) may also seek the adoption of joint auditors to strengthen audit quality and cushion against shocks from manipulative practices of managers or the lack of independence from continued engagement of particular audit firms.

Abnormal operating cash flow quality, Abnormal production expenditure quality, and unexpected core earnings of Big 4 and non-Big 4 audited firms


IJTSRD43847
Volume-5 | Issue-5, August 2021
408-417
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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